So now Britain has a government. After days of wheeling and dealing the Conservatives and the Lib Dems reached an agreement. The first words uttered by David Cameron on his arrival at Downing Street following the Queen's invitation to form a government were about Britain having a strong and stable government. But how stable can Mr Cameron's government be? Will it last a full term?

With the appointment of Nick Clegg, the leader of the other party in coalition as deputy Prime Minister, Mr Cameron made his intentions clear. He plans to have a strong and stable government, which can last for a considerable time in office.

Britain needs to deal with its deficit sooner rather than later and, as promised, we expect George Osborne, the new Chancellor of the Exchequer, to present an emergency Budget by the end of June. Although having different fiscal policies, the two parties in government have made it their objective to control the deficit by cutting government spending immediately. There are other policy areas in which the Tories and the Lib Dems agree upon. The problems will emerge when the honeymoon is over on matters about which they are completely in disagreement.

There are two, possibly three, areas in which the two parties in government will be struggling to find a consensus: the European Union, immigration and electoral reform.

Over the past five days of negotiations little have we heard from any side about how they intend to tackle these issues. Mr Cameron is a Eurosceptic while his now deputy is a staunch supporter of the EU. How can they converge their policies? Like many, I have no idea. How can the British government avoid taking decisions on matters concerning the EU?

The same can be said about immigration. Mr Cameron was very critical about Mr Clegg's idea of regularising illegal immigrants who have been in the country for more than 10 years. On his part, Mr Clegg criticised Mr Cameron on his immigration-capping policy.

Electoral reform is the most important issue for the Lib Dems. Back in 1974, when Britain was last faced with a hung Parliament, the coalition talks between the Lib Dems and the Tories of Edward Heath failed because no agreement could be reached on an electoral reform. Even then, the Lib Dems were seeking the introduction of a proportional representation system for electing the members of the House of Commons. This time round, the Tories seem to have partially given in and offered a referendum on the alternative vote system, which, although not being a proportional representation system, will still benefit the Lib Dems as they will be expected to win more seats. This was probably the price the Conservatives had to pay to get hold of the keys to number 10.

As was being predicted, the Lib Dems were the kingmakers of this election. In the days following the election, it was a rollercoaster ride for the main parties. The Lib Dems were negotiating with the two parties simultaneously and we have seen all sorts of offers being made to them. It was like being at an auction.

Gordon Brown initially offered to talk to the Lib Dems, then it was Mr Cameron's turn to go in front of the TV cameras to make what he called "a very sensible offer". A day later, Mr Brown offered his resignation in an attempt to distract the Lib Dems from the negotiating table. In the end, Mr Clegg chose to support Mr Cameron.

Now the uncertainty is over, at least on which parties are forming the government. What remains is to see how this coalition will be performing in the days, months and, possibly, years ahead.

As for the Labour Party, they return to opposition after 13 years in government. The process of electing a new leader has already been triggered with Mr Brown's announcement of resignation.

These are interesting times. Britain is living a new political reality, which will require parties to talk to each other.

This is what the British people voted for. The people are sovereign and the politicians have to listen.